Salazar Resources Limited

Salazar Resources Limited

January 11, 2008 08:00 ET

Salazar Provides Drilling Update at Curipamba, Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2008) - Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) reports that the current drill program at Curipamba is progressing well with two drill rigs turning. One drill rig is located at Sesmo Sur and the other drill rig is located at the Las Naves mining concession at the Curipamba project.

A total of 21 holes have been drilled to date: 13 holes for a total of 2,653 meters at Sesmo Sur and 8 holes for a total of 1,087 meters at Las Naves. Two anomalies have been drilled at Las Naves including 5 holes at the El Gallo anomaly and 3 holes at the Roble 1 anomaly.

Highlights of channel sampling at the Las Naves anomalies include:

El Gallo: 17m averaging 11.2 g/t Au, 505 g/t Ag; 10m averaging 12.13 g/t
Au and 235 g/t Ag; 12m averaging 7.09 g/t Au and 299 g/t Ag.
Roble Uno: 3.6 meters averaging 15.12 g/t gold, 258 g/t silver, 0.56%
copper, 3.25% lead and 5.25% zinc.

Thirteen drill holes have been recently sent to the BSI Inspectorate assay lab in Lima, Peru from both target areas. Assays are due shortly.

We are also pleased to announce the geophysics team from Geofisica Consultores de Peru has resumed their work program. The work program includes 17 line kilometers of both ground magnetics and induced polarization at Las Naves and 48 line kilometres of induced polarization at Sesmo Sur which completes the grid previously started upon.

The Company is looking forward to an exciting and aggressive drilling season for 2008 at the Company's projects.

To view maps and photos related to the Curipamba Project please visit:


Fredy Salazar, President & CEO

Salazar Resources Limited

Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL) mineral resource company engaged in the exploration and development of new highly prospective areas of Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador, including Aurelian's Fruta Del Norte discovery, IAMGOLD's Quimsacocha Deposit, Mozo Deposit, Ex Newmont's Cangrejos Project and International Minerals Rio Blanco and Gaby Deposit. The Company's Ecuadorian base provides a strategic advantage, enabling exploration to be completed at a rapid pace. The Company employs over one hundred personnel on the ground, including twelve geologists. With an excellent property portfolio (4 projects - 152,000 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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